Industry Update: the Future of eClosing and RON

Join industry experts for an in-depth discussion on the future of eClosing and how hybrid and RON closings benefit lenders and borrowers.

DOJ v. NAR and the ethics of real estate commissions

Today’s HousingWire Daily features the first-ever episode of Houses in Motion. We discuss the Department of Justice’s recent move to withdraw from a settlement agreement with the NAR.

Hopes for generational investment in housing fade in DC

Despite a Democratic majority, the likelihood of a massive investment in housing via a $3.5 trillion social infrastructure package appears slim these days. HW+ Premium Content

How Biden’s Neighborhood Homes proposal impacts real estate investors

Dubbed the Neighborhood Homes Tax Credit, the proposal is part of the larger American Jobs Plan legislation — also known as Biden’s infrastructure plan. Here's a look into how it impacts real estate investors.


Dow flirts extremely close to 20K milestone

Edges close Friday morning and early afternoon

[Editor's note: This story will update should the Dow cross 20K.]

The Dow Jones Industrial Average flirted extremely close to the 20,000 psychological milestone on Friday, spending most of the morning and early afternoon within less than half a percentage point off the threshold at times.

Ever since the presidential election, the Dow, which is an indicator of economic health, continues to edge close and into new territory, with Friday’s rise marking another record high. The Dow monitors the values of shares at the 30 largest companies in America. As those companies perform better economically, so does the nation, at least in theory.

The technology sector drove the increase, as the Dow Jones industrial average rose about 90 points, with Goldman Sachs and Walt Disney contributing the most gains, according to an article in CNBC by Fred Imbert.

The stock market has steadily improved since American nominated President-elect Donald Trump.

Leading up to the election, despite significant turmoil in the stock market leading up it, U.S. stocks posted a dramatic turnaround from deep overnight losses after the election as investors poured money into sectors that may benefit from Trump’s victory.

Then, not even a month later, the Dow posted a record high on Nov. 23, reaching 19,062.93.

At the time, an article by Joe McDonald for USA Today, quoted Alex Furber of CMC Markets saying, “As Trump has rowed back and not mentioned some of his more extreme policy sound bites, some worries about the nature of his presidency may have begun to abate,”

“That has helped U.S. indexes hit record highs, with the Dow surpassing 19,000 for the first time and closing at a record high six times in the two weeks,” McDonald explained. 

Most Popular Articles

The housing market is losing steam

Mortgage applications for new home purchases decreased 3% from May and 23.8% year over year, suggesting buyer fatigue in the housing market.

Jul 20, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please